Results 1 to 10 of about 62,311 (263)
When prices hardly matter: Incomplete insurance contracts and markets for repair goods [PDF]
, 2005 This paper looks at markets characterized by the fact that the demand side is insured. In these markets a consumer purchases a good to compensate consequen¬ces of unfavorable events, such as an accident or an illness.
Schiller, Jörg +2 more
core +1 more source
Risk sharing and the demand for insurance: Theory and experimental evidence from Ethiopia [PDF]
Journal of Economic Behavior & Organization, 2022 Households in developing countries commonly engage in risk sharing to cope with shocks. Despite this, the residual risk they remain exposed to — often due to aggregate events such as droughts and floods — is considerable. To mitigate these risks, governments, NGOs and multilateral organizations have introduced index insurance. To appreciate its welfare
Berg, Erlend +2 more
openaire +6 more sources
Assessing Systemic Risk in the Insurance Sector Via Network Theory
Variance, 2023 We provide a framework for detecting relevant insurance companies in a systemic risk perspective. Among the alternative methodologies for measuring systemic risk, we propose a complex network approach where insurers are linked to form a global interconnected system.
Clemente, GP, Cornaro, A
openaire +3 more sources
A Theory of Housing Collateral, Consumption Insurance and Risk Premia [PDF]
SSRN Electronic Journal, 2004 In a model with housing collateral, a decrease in house prices reduces the collateral value of housing, increases household exposure to idiosyncratic risk, and increases the conditional market price of risk. This collateral mechanism can quantitatively replicate the conditional and the cross-sectional variation in risk premia on stocks for reasonable ...
Hanno Lustig, Stijn Van Nieuwerburgh
openaire +2 more sources
Investigation of risk management changes in insurance companies [PDF]
, 2013 This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University.This thesis studies the change process of risk management practices associated with the implementation of Enterprise Risk Management (ERM) and the extent ...
Jabbour, Mirna
core
Systemic Risk, Relative Subsidy Rates and Area Yield Insurance Choice
, 2022 We investigate the nature of crop yield systemic risk and its implications for farmers’ area yield insurance choices. A theory-grounded, normalized measure of systemic risk, R-squared, is developed and made amenable to empirical analysis through the ...
Feng, Hongli +2 more
core
Improving risk allocation through cat bonds [PDF]
, 2002 Catastrophe bonds (cat bonds) often use index triggers, such as, for instance, parametric descriptions of a catastrophe. This implies the problem of the so-called basis risk, resulting from the fact that, in contrast to traditional reinsurance, this kind
Nell, Martin, Richter, Andreas
core
Systemic Risk, Relative Subsidy Rates, and Area Yield Insurance Choice
, 2023 We investigate the nature of crop yield systemic risk and its implications for farmers' area yield insurance choices. A theory-grounded, normalized measure of systemic risk, R2, is developed and made amenable to empirical analysis through the logit link.
Feng, Hongli +2 more
core
The Economic Theory of Risk and Insurance
The Journal of Finance, 1901 J. Edward Hedges, Allan H. Willett
+6 more sources
A Unified Theory of Insurance Risk
University of Pittsburgh Law Review, 2014 openaire +2 more sources